Envestnet Inc (ENV) Technical Analysis
NYSE:ENV • US29404K1060
Overall ENV gets a technical rating of 9 out of 10. ENV has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ENV did better than 86% of all other stocks. We also observe that the gains produced by ENV over the past year are nicely spread over this period.
- ENV is part of the Software industry. There are 277 other stocks in this industry. ENV outperforms 90% of them.
- ENV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ENV is performing more or less in line with the market.
- In the last month ENV has a been trading in a tight range between 62.71 and 63.50.
- Volume is considerably higher in the last couple of days.
Although ENV has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
60.52
When analyzing the support we notice one important area.
- A support zone ranging from 61.13 to 63.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @63.67 from a trend line in the daily time frame.
- Resistance @67.91 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ENV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENV is up. |
| ChartMill Relative Strength | 86.07 | POSITIVE | ENV has a high relative strength, it outperformed 86.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.3 | OVERBOUGHT | The high RSI value suggests ENV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ENV has a positive trend. |
| Stochastics (14,3) | 55.44 | NEUTRAL | The Stochastics value for ENV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for ENV suggests low volalility. |
| Average Directional Index/ADX (14) | 51.16 | POSITIVE | The high ADX value value for ENV suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 63.51 | 62.89 | 0.62 (0.98%) | 25.00% |
| An entry @63.51. This is a Buy Stop order right above the 10 day high. | An exit @62.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.62 points, which is 0.98%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ENV Technicals: Chart, Performance Metrics, Trend & Indicators
63.14
+0.05 (+0.08%)
Envestnet Inc / ENV FAQ
What is the ChartMill technical rating of Envestnet Inc (ENV) stock?
ChartMill assigns a technical rating of 9 / 10 to ENV.
What is the current trend direction of Envestnet Inc (ENV) stock?
The current trend direction for Envestnet Inc (ENV) is Bullish.
Can you provide the RSI signal for Envestnet Inc?
Envestnet Inc (ENV) has an RSI value of 70.2964. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Envestnet Inc?
The MACD indicator for Envestnet Inc (ENV) has a value of 0.015062, indicating a bearish trend.
What is the buy/sell signal for Envestnet Inc (ENV) stock?
The buy/sell signal for Envestnet Inc (ENV) is buy as both the short term and long term trends are positive.